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? hillary clinton is being treated at this hospital in new york. she has a blood clot. there's concern over the health of the venezuelan president who has suffered complications after cancer surgery in cuba. walk into bbc world news. coming up, and look back at the british troops as they prepared handover to afghan forces. new zealand becomes the first major city to welcome 2013. time is running out for politicians in the united states to strike a deal to prevent the economy from going over the so- called fiscal cliff. that is when a package of automatic spending cuts and tax rises comes into fact which could set the country back into recession. that less than 20 hours into the generate the first deadline. >> as night descended on washington, no deal precentors went home with a low over 24 hours to go before the huge austerity package known as the fiscal cliff, something almost nobody wants is due to descend on the american economy. >> we will come in at 11:00 tomorrow morning and that further announcements. >> if there's no doubt, the price of failure could be high. the average american, m
football, watch us. >>> in other news, hillary clinton's doctors revealing details about the blood clot that handlaned her in the hospital. doctors say mrs. clinton did not have a stroke or suffer any neurological damage, they also say they are confident that the second of state will make a full recovery. cnn's jill dougherty is live at the state department this morning. what is the latest on the secretary's condition? >> the latest is as the secretary is in that new york hospital, she's being treated with blood thinners, that's the main thing. they have to get blood thinners as they say treated properly so they give her enough, not too much, and be able to be released. it won't happen until they do that. it's really a turnabout. i was sitting here in a quiet state department this morning. it's a holiday, very few people around, and thinking how things have really changed this is a secretary who has traveled a million miles. she's traveled to more than 100 countries and here in the waning days, we have a few weeks before the end of this administration, this part of the administration, a
blood clot. what could that mean for hillary clinton and her political future? i'm wolf blitzer. you're in "the situation room." right now we're following breaking news. all eyes are in the house of representatives where lawmakers are weighing the future of a bill that's now effectively a fiscal cliff fix. no vote has been scheduled on the bill that the senate passed in the middle of the night after steep tax cuts and spending cuts kicked in. speaker john boehner has been trying to overcome some seriously stiff republican opposition. our senior congressional correspondent dana bash is beginninging our coverage this hour. dana, what's the very latest as far as republicans in the house, the majority are concerned? >> reporter: the very latest, wolf, is that down this hallway is the house speaker's office. in that house right now are minutes of the house republican leadership having a discussion, what are they going to do? are they going to have a vote tonight and more importantly, are they going to try to put this senate-passed bill on the house floor with an amendment. it was very cle
either gone or demoted. this is direct quote from spokeswoman victoria knew land. secretary clinton accepted eric boss equal's decision to resign as effective up immediately. the other three individuals have been relieved of their current duties. all four individuals have been placed on administrative leave pending further action. the "new york post" is reporting those folks are still on the state department payroll. eric boswell who they said resigned did not resign and all four will be back to work before too long. >> they just shifted the deck chairs and they want to make the american people believe that the state department has held people accountable for their lack of security and sending help to four brave americans. this is incredibly inept of the state department to think that it continue to fool the american public. pathetic. >> reporter: we've asked the state department about this and they have chosen so far not to clarify or deny any of it. keep in mind that right now, they're trying to transition from the clinton era to the kerry era. >> secretary clinton as you heard he
million, but under u.s. law, the bush- clinton fund for haiti had just under three years to do its work, and that time is now over. >> it is drop in the bucket for what haiti needs, but it is an important demonstration effect, especially across the sectors that we tried to energize. >> those include farming, building houses, and lending to the poor. hear, a newly built luxury hotel that supporters of the project say haiti badly needs. owners say they are training hotel workers and hiring lots of local people. x those people were in the streets. today, men and women are going to school, and getting a profession. >> at this construction company, the emphasis is on earthquake resistant buildings, built by haitians, yet not everyone thinks the bush does clinton approach, small amounts of money invested mostly in small businesses, have been the right fix for a country with so much damage not repaired, so many still without homes or jobs. the situation is critical. we need 2 million more homes. giving the money to middlemen here and in the u.s. is not right. more than $7 billion in aid has al
in the grapevine. up next, health update regarding secretary of state hillary clinton. [ ryon ] eating shrimp at red lobster is a fantastic experience. 30 shrimp for $11.99. i can't imagine anything better. you're getting a ton of shrimp, and it tastes really good! [ male announcer ] hurry in to red lobster's 30 shrimp for just $11.99! choose any two of five savory shrimp selections, like mango jalapeÑo shrimp and parmesan crunch shrimp. two delicious shrimp selections on one plate! all with salad and unlimited cheddar bay biscuits. 30 shrimp, just $11.99 for a limited time. wow, that's a lot of shrimp. i'm ryon stewart, i'm the ultimate shrimp lover, and i sea food differely. meet the 5-passenger i'm ford c-max hybrid.p lover, when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it
the number of investigations especially of the clinton administration. what do you see as your legacy of that tenure? >> i think bill clinton, president clinton and secretary as secretary -- hilary as secretary of state do not like me very much. i was chair of the government oversight committee during the time we were investigating whitewater and we were investigating campaign contributions that came from sources outside the united states and from various people. there was an awful lot to that. we had people testifying like ohnny chonung, they had contributed money to gain favor with the white house. and they came into the kitchen at hong kong and said we wonder -- we like your president and we want to contribute to his campaign. the man who said that was the equivalent of the cia. these were people who were under oath and swore to this and we also had over 100 people take the fifth amendment or flee the country. there was a lot there. that is not to say that president clinton did not do some good things. he worked with newt gingrich and we got out from under some difficult financial
for upper income people at 39.6%. the rate under president clinton. the states would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extented a year, as with the medicare doc fix. it would permanently fix the a terptive minimum tax. a big concern for many republicans are there are no new spending cuts. >> history has a way to repeat itself. >> somehow washington never gets the message. >> here we are, 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> last friday, speaker boehner told the senate colleagues to find bipartisan deal and the house would consider, accept or amend their plan. with time running out, house lawmakers were left working on unrelated issues and feeling like the process is broken. >> the american people are looking at congress with disdain and rightfully so. with the deadline on the tis call cliff hours away we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> february the deal
. >>> i'm don lemon with a look at your headlines. hillary clinton will spend new year's eve in a new york city hospital with a blood clot. doctors admitted the secretary of state sunday after a medical exam. the clot is believed to be related to the concussion she suffered earlier this month. when she fainted from the effects of a stomach virus. doctors want to keep her and a close eye on her for 48 hours. the other big story tonight is the action or inaction on capitol hill. if lawmakers do not reach a fiscal cliff agreement, you could see your taxes skyrocket and deep spending cuts kick in on entitlements and tax increases. the major sticking points or entitlements and tax increases. house republicans met into the evening and we'll find out in the morning whether joe biden and mitch mcconnell made any progress in their talks. both houses will be back in session tomorrow. those are your headlines this hour, i'm don lemon, keeping you informed. cnn, the most trusted name in news. >>> three, two, one. and liftoff -- >> may 2012, space-x launched a rocket into space, becoming the first comm
. secretary of state hillary clinton hospitalized for a blood clot. the latest on her condition and a live report. what it all means. >>> down to the final day. 17 hours until we go over the fiscal cliff. can the closers reach a deal in time? >>> if we go over the cliff, you will feel it right away. what happens to your paycheck, and when. i'll explain that ahead. >>> a packed two hours ahead. talking with grover norquist. he is the president of americans for tax reform. jason chaff et cetera, chris van hollen, and johnny isaacson. >> that's a stacked show. >> soledad is off. "starting point" begins right now. >>> our starting point, a health scare for secretary of state hillary clinton. doctors discovered a blood clot in a followup exam related to her concussion. the location of the clot has not yet been disclosed, but clinton treated with antikanticoagulant. jill dougherty, live in our washington bureau. what are you hearing? >> not a lot. since that statement sunday night, sanjay. they are really saying -- as you said, they are monitoring, and here is the statement so you can listen to
is secretary of state hillary clinton doing on her recovery? we'll check in on that. arthel: lawmakers from new york and new jersey irate last night. the house failed to vote on billions of dollars in aid for victims of superstorm sandy. new york congressman peter king joining us live to talk about that. >> we can not turn our backs on our citizens who need us. some who will not have a place to stay for a long period of time. people who have suffered. people who need food. we are americans. this is what is supposed to separate us from everyone else. i am absolutely shocked. but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you
calls for secretary of state hillary clinton to testify as soon as possible on the deadly attacks in benghazi that killed four americans. senator lindsey graham demanding had he appear before congress ahead of john kerry confirmation. take a listen to the interviews on fox "fox news sunday." >> senator graham, how important is it for secretary of state hillary clinton to testify under oath before she leaves office about the benghazi terror attack? and what do you think we still need to know? >> absolutely essential that she testify. i want to know from the secretary of state's point of view, were you informed of the security situation, were all these cables coming out of benghazi, ever get to your level. if they didn't, that's a problem. if they did, why didn't you act differently. >> some republican colleagues are prepared to hold off confirm nation of john kerry as secretary of state until secretary of state clinton testifies as secretary. >> that's going to happen i've been told by senator kerry, he wants that approach. he needs to hear what she says so we can comment. it makes
. secretary clinton has indicated that she is going to implement all of them. what i -- my message to the state department has been very simple. and that is we're going to solve this. we're not going to be defensive about it. we're no pretend that this was not a problem. this was a huge problem and we're going to implement every single recommendation that's been put forward. some individuals have been held accountable inside of the state department and what i've said is that we are going to fix this to make sure this does not happen again because these are folks that i send into the field. we understand that there are dangers involved. but when you read the report and it confirms what we had already seen based on some of our internal reviews, there was just some sloppiness, not intentional, in terms of how we secure embassies in areas where you essentially don't have governments that have a lot of capacity to protect those embassies. so we're doing a thorough review. not only will we implement the recommendations that were made, but we'll try to do more than that. with respect to w
the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of polico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we're starting at the very early ages to try to help young people speak. that is a direct relationship tbeing successful in school and being successful in your life >> woodruff: and we close out 2012 with two takes on history, first, a look at the emancipation proclamation on the eve of the 150th anniversary of president lincoln's action to end slavery and the civil war. >> woodruff: plus michael beschloss and ri
? >> back in the clinton years, we were able to actually balance the budget, we treated the longest period of uninterrupted growth. -- created the longest period of uninterrupted growth. and we were paying down the debt. in recent times, i've been part of a nonpartisan commission to resolve these debt issues. there we had 11 of the 18 members agree on a plan to the country back on track. i still believe that is probably the best blueprint for going forward. i was also part of the group of six that became the group of eight, evenly divided the dream republicans and democrats. -- that between republicans and democrats. >> lots to go back with. let me start with the 1990's. how much of that success was the bursting economy with the tech bubble that was happening that brought more money into the coffers? >> all of these things are connected. that is my belief. governmental policy, what happens in the private sector. because we were showing that we could get results, the government could make decisions, that gave additional confidence to the private sector. there was additional certainty, becau
're following new developments today with the health of secretary of state hillary clinton. she's recovering in a hospital in new york city treated for a blood clot lodged between her skull and her brain, brought on, her doctors say, by a concussion she sustained during a fall last month. molly henneberg is live with the latest. >> reporter: megyn, the state department just updated reporters off camera on secretary clinton saying she's working from her hospital room and talking to her staff by phone. other than that, not much of an update. doctors say secretary clinton is making excellent progress and good spirits and should make a full recovery. she remains in presbyterian hospital as doctors monitor the brain clot. clinton did not suffer a stroke or neurological damage from the clot and the secretary's doctors said in a statement on monday, quote, to help dissolve this clot her medical team began treating the secretary with blood thinners she will be released once the medication dose has been established. it was a rough month of december for the outgoing secretary of state. she returned f
of the day's major stories. now, back to ray. >> suarez: next, secretary of state hillary clinton was hospitalized yesterday after doctors discovered she had a blood clot. few details of her condition were initially released, but late today her doctors said the clot was located in a vein between her skull and brain. they stressed she did not suffer a stroke and is making excellent progress. dr. gholam motamedi, a neurologist at medstar georgetown university hospital, is here to walk us through the known risks and treatments for blood clots. i guess, doctor to start at the very beginning, what is a blood clot. >> blood normally has a tendency to coagulate or clot. if you take the blood out of the system, out of the circulatory system t will clot. if you are, let's say, laying down in a hospital, typically in a hospitalization, without movement, blood has a tendency to form clots. and sometimes under abnormallal circumstances. there are medical conditions that make you more susceptible to have your blood clot. and from cancers to chemotherapy agents to infections and so forth. but m
some breaking news tonight on hillary clinton. we'll have that next up. and please, generally, this is a good night to remind, please don't forget, free market capitalism, the best path to prosperity. let's reward the successful. this is america. i'm kudlow. we'll be right back. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and sui
rights. hillary clinton said, i think it was february 2009, that human rights would have to go on the back burner because there were more pressing concerns like, i quote, climate change. that may be so. they may be so. human rights not the be all and end ul -- all of foreign policy as we all know. i think i said abram twice t. it's hard hard to get that " s" out, abrams, i apologize. it was said, do what you got to do, but ask yourself this question -- how does it look to the boys in the camps, the boys in the camps who find out about things? how does it look to them what you're doing? there was bible readings with the fellow prisoner of his, a christian for awhile when it was allowed, and they called the readings, the sessions, reaganite readings because they heard that reagan proclaimed one year, the year of the bible, we all say what stupid mother pie, year of the bible, give me a break, but that meant something to those two. it can mean something to others. the nobel peace prize, 60 years after passing over prisoners, after 60 years, they gave a peace prize to a leader of c
in chinese human rights. hillary clinton said at the beginning of her tenure of the secretary of state i think in 2009 human rights have to go on the back burner because there were more pressing concerns like, and i quote, climate change. that may be so. human rights not the be all and end all foreign policy as max knows and elliott knows and we all know. it's hard to get that s held. but i'm reminded of something once said. he was talking about western policy makers. he said you know, do when you've got to do. but every once in awhile, paused to ask yourself this question: how will look to the boys in the camps that find out about things? how would it look to them what you are doing? remember sharanski had these bible readings with a christian leader when it was allowed and they called the readings or their sessions reaganite because the herd somehow that reagan had acclaimed in the year of the bible. and we all know the year of the bible, what a load of, you know, the year of the bible, give me a break. it really meant something to those two. so maybe it convenes things to others. the
enacted under president clinton. now we all voted, at least all the democrats here, that were here then voted for the clinton tax bill in 1993. we heard all kinds of talk from the other side of the aisle how this is going to be disastrous, it was going to kill the economy. it was just going to be awful. and not one republican supported it. but we passed it. president clinton signed it into law, and guess what happened? the economy took off. unemployment came down. the economy started going. and we were paying down the deficit. we had three straight years or four of surpluses. c.b.o. said if we continued on that way, we would pay off the national debt by 2010. well, then george bush came into office, they looked at all the surpluses out there and said guess what? we've got to take some of that and give it back in tax cuts, and that's what they did. now that's what's ending tonight. that's what ends tonight, are those bush tax cuts. so we go back to the tax system that we had under bill clinton. i ask, what's so bad about that? it worked pretty darned well. the economy was going well
, on the tax side, we go back to the taxes that were enacted under president clinton the bank we all voted -- at least all the democrats that were here then voted for the clinton tax bill in 1993. and we heard all kinds of talk from the other side of the aisle about how this is going to be a disaster, going to kill the economy, just going to be awful. and not one republican supported it. but we passed it. president clinton signed it into law, and guess what? the economy took off. unemployment came down. we were paying down the deficit. we had three or four straight years of surpluses. cbo said we would pay off the national debt by 2010 if we kept on that way. well, then george bush came into office, and he looked all the surpluses, and he said, i guess what? we need to take that and give it back to the tax shelters. and that is what they did. that is what is ending tonight. all those tax cuts. then we go back to the tax system that we had under bill clinton. i asked -- what is so bad about that? it worked pretty darn well. the economy was going well. we were paying down the deficit. things
tax bracket revoted to the clinton era rates. they have all gone up. at this point vote for the tax cut, get out of here, come back on january 3rd and use the debt ceiling to extract cuts from democrats that try to the if us to some sort of fiscal sanity here. >> then two months from now we deal with the spending cuts as well as the debt ceiling. they're at least keeping us, you know, employed here, rich. they're giving us plenty of things it talk about. >> yes. 2013 will seem to be a busy year in washington as the last five years have been. >> rich edson live from d.c. always great talking to you. >> thanks, diane. >> that is the latest everybody on the fiscal cliff negotiations in washington. we'll be back at top of the hour or as usual break in at any time if we continue to get news. don't forget fox business will be live tomorrow morning a 5:00 a.m. for special coverage as markets react to all of this. i'm diane macedo. here is your regular programing. >> this has been a fox business special report. we now return you to your regularly scheduled programing. lou: 20 f-16s will be
thing this morning, after traveling nearly a million miles as secretary of state, hillary clinton seemed almost super human. well, today my must read is from "the daily beast," tina brown, on why hillary's health scare gave so many people agina. it's up on our facebook page. can pluggable febreze make even this old container smell fresh? describe the room. a big, open space. smells really fresh, man. oh! [ both laugh ] febreze? how about that? yeah. febreze anti-clogging technology keeps it smelling fresh. febreze. breathe happy. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> a major fiscal family feud has erupted in the republican party after a clear majority voted against this fiscal cliff deal. the top two republicans, speaker john boehner and eric cantor were split. also notable, budget chairman paul ryan voted yes. the final gop count, 151 against the bill and 85 in favor. >>
at the very top to let their tax rates go back to clinton levels. so that is what was set to happen in the new year anyway. it only hits the very top earners. then the next level of the deal, households that earn $450,000 are the ones impacted by this. individuals who earn $400,000 a year are the ones who would see it go to clinton levels. the deal -- the emerging deal would also include as i understand an extension of unemployment benefits and a compromise on the estate tax that would allow a slight increase or something of an increase from where we are now but not an absolute jump to where it would be beginning tomorrow. now, if there were no deal. the big sticking point as dana is reporting is on the sequester, and just to point out, one of the big reasons democrats would not want it to be a three-month extension is because it would mean that spending cuts kick in right as the nation is heading into a fight over the debt ceiling. the debt ceiling is going to hit again in february, suzanne, and there will be another war over that between the democrats and republicans. add these spending cuts
it on the special that we did last night. secretary of state hillary clinton is in a new york hospital this morning being treated from a blood clt clot resulting from a concussion you suffered earlier this month. she had been expected to return to work this week. >>> coming up, deal or no deal? we're going to look beyond the fiscal cliff and what it will mean for the markets. we have jim o'neill. he's going to join us to talk about whether he is bullish for the start of 2013 and how much the fiscal cliff is playing into his outlook. >>> welcome back to "squawk box" this morning. take a look at futures for the day, the s&p is up a little over 7 points as we await to see what happens with the fiscal cliff. >> it is the last trading day of the year. how will the global marketses react to our domestic drama? calling in right now on the squawk news line is jim o'neill. it's great to be speaking with you this morning. i know we made it through the mayan apocalypse, but will we make it three through the fiscal cliff, as well? >> gosh, i don't know. i keep exchanging my mind about this every day in the pas
in another three years with another crisis in the vrsc. the secretary clinton, ambassador riesch, undersecretary for political affairs and ambassador windy sherman high and -- and i have all met with an spoken with the rwandan and rwanda and officials in the past few weeks for a rapid and peaceful resolution to the crisis. i have travelled to the region just last month with my british and french counterparts to press the condoleezza, rwanda in, and ugandan governments to work together and start the crisis and address the causes of instability. and all three governments reiterated to us their shared goals -- their share gold -- shared goals. all three indicated to was that the most abusive commanders are now under targeted sanctions and we have placed those same individuals under u.s. sanctions. talks between the garcia government and the environment -- m 23 began on december 29 in uganda and are being mediated with uganda as the chair on the international conference of the great lakes region known as the i c g lra. as the two sides begin substantive con -- talks, the current ceas
. awful people in the clinton administration. that is true. agreed. greed is good. hollywood movies are about greed. oliver stone tried to warn against it. instead, wall street bankers were imitating gecko, like war movies that create warmongers. at the same time, you had another explanation which had to do with the way in which the finance tapped into a competing power. -- into computing power to create complex derivatives. all that is true. but what is underlying this and the crisis and the reason why the world economy fails to recover is that this surplus recycling mechanism -- this weird, wonderful, audacious surplus recycling mechanism from 1971 which poker helped put together as the chairman of the fed -- which paul volcker helped put together is the chairman of the fed in the late 1970 fell and 1980's, it broke down. in 2008, when lehman brothers broke down, and the others followed and had to be bailed out by you, what happened was the united states of america lost its capacity to utilize its trade deficit in order to recycle other people's problems. -- profits. if you look a
. >> hillary clinton plans to head back to work just in time for the knew year, almost three weeks after being sidelined this morning. >> all that on "cbs this morning." >> if you get angry and show it, you're going to live longer. >> he gives a speech about hitting the debt ceiling. i'd like to see if he comes to a million much less $16.4 trillion. captioning funded by cbs >>> it's friday. welcome to "cbs this morning" th, everybody everybody. i'm jeff glor along with rebecca jarvis. >>> the fiscal cliff is now just four days away. >>> president obama meets with congressional leaders for one last effort before they reach the deadline. major garrett is at the white house. major, good morning. >> good morning, rebecca and jeff. president obama meets with the top congressional leaders. no deal can be reached impasse without their meeting. so far the fiscal talks have been when all four of these leaders have been present. >> whether he meant it or not, it seems exhaustive. >> i mean what's going on here? >> what indeed. president obama returned to the white house in a grim mood. he met with no co
opinion. okay. and later this hour, democrat strategist and former clinton advisor doug schoen tells the company, are we like greece? is this deal affecting america's prosperity. i'll ask him the top of the hour. and grover norquist, is he backing down from his no-tax pledge? is he hedging? find out, ten o'clock this morning. go to our facebook page, tell us what you think about the deal that we've got, you're happy with it. if you are, we want to know why. we'll read some of your comments on the air. tell us why we want that in there. the markets, they've got their answer on the fiscal cliff, a deal has been done, the result is yes, it is a rally. we're going to see a big gain for the dow. it's going to be big. the opening bell for this brand new year is next. night ♪ >> surely you recognize that music, don't you? that's played on the bah zuki? why are we playing that? because america looks a whole lot like greece in morning. why? we've got a fiscal cliff deal. all it does is raise taxes. it doesn't cut spending, it doesn't do anything about the debt that we and europe and greece
hillary clinton spending another night in the hospital as doctors are treating that blood clot in her head. we're going to talk to dr. sanjay gupta neurosurgeon ahead. companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it has 7 antioxidants to support cell health. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with
they are a news show, talking about during the clinton years we had no debt. just the notion of a budget surplus versus a national debt gets lost on many. i don't know that we're going to have a chance until the leadership really tries to be honest with the public. >> we didn't have a surplus if you count the intragovernmental debt of social security and medicare. we had no surplus during those clinton years, you know that. >> that's correct. >> one thing that's clear it won't help our deficit and debt levels going forward if the economy goes into recession so while you're right there's not a solution here that pleases everyone, part of the problem is if this solution includes significant near-term spending cuts, it only makes the long-term problem worse. >> right. so if you don't want to have any contraction at all, then we're going to end up just like some in southern europe. we'll have to wait until after the event occurs, and then you're going to have the press going oh, my god, how did this happen? just like today, i can't believe how many channels are talking about where was the entitlemen
to be you could go back to clinton and gingrich. they wanted to come to accommodations, they both got what they want. now boehner wins, obama loses, obama wins, boehner loses, we're not good at these politics. but the zero growth premise will have long-term implications for investors potentially. >> usually not--the globalization makes it tough. but with the thing that's scary about globalization, there's also 2 billion consumers that are going to buy coca-cola and levis, even though we've got to bring a lot of people into the middle class. you can look at it, there's good and bad. >> i could argue both sides. >> we got to go. comments questions, anything you see on squawk e-mail us @squawkcnbc.com. you can also follow us on twitter. coming up, beyond the fiscal cliff, 90 new members of congress are on the way to washington and the new year. we're going to what the new makeup of capitol hill will mean for taxes, spending and everything else. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how mu
life. ♪ lou: joining me, lou: joining me now, the "a-team," legal analyst and former clinton advisor, fox newv contributor.ke good to have you all here. have to start with you on this republican recess, as we start to figure what is going on with republicangu party. it seems stephen hayes and a fet other folks are saying they did a great job in her standing up for them it i'm not saying anything, just asking questions this is a status quo position of the republican party? >> the rank and file out across history -- lou: who is it? >> look, i need a little bit ofk new blood. we do very, very well as we win the government raises and the midterm.e m lou: let me ask a democrat. >> have to find the talent bring them to do washington. lou: no names and don't mess it up too much. does that wor it work the same r the democrats? >> absolutely because republicans have won five of the last six elections. the never miss an opportunity to miss an opportunity and if they follow the prescription for what will happen is they will cosign themselves with their position. >> i just want to understand thi
points. >> you will be singing more later. >>> moving on to other news. secretary of state clinton and her health. that close call. doctors say the blood clot could have been fatal, caused a stroke or led to seizures or epilepsy. she's being treated with blood thinners, should make a full recovery. former president bill clinton and daughter chelsea scene visiting her yesterday. >>> students from sandy hook elementary school return to class tomorrow this is for the very first time since the horrendous massacre three weeks ago. but the children won't be back at sandy hook in that building itself. they will attend an empty elementary school a couple of miles away. newtown and how about this? irving pinsky who sought to sue the straight of connecticut, $100 million, has withdrawn the suit for now. part of the reason? the outcry, too strong. pinsky represents the parents of a 6-year-old survivor. we'll have him here on the show in the next hour. >> really controversial. a lot of people have a lot of questions for the attorney. >>> in los angeles, a photographer killed last night trying
clinton a blood clot near the train -- brain puts her in the hospital. what doctors are saying now about her recovery. bill: fox news alert, takes a look at the doi back over 13,000 again, up almost 220 points at the moment. inch investigators reacting to the fact that congress got its act together after a fashion and passed legislation to avert for now the so-called fiscal cliff. there are still a lot of arguments yet to be had. they didn't address some of the biggest issues, like for instance the see questions sister that would cut half a bill kwroepb dollars from pentagon spending. the investment community seems to like it, the dow up 219 points. we'll keep and eye on it. >> reporter: the control room a brand-new hour straight ahead for ou. as you saw the markets enjoying the deal hashed out last night, lawmakers steering us away from the fiscal cliff but no shortage of road blocks on the horizon. what it all means, what is next for taxpayers, 77% of whom will see their taxes go up now. some of taxes tied to obama care new portions of the law kicking in on january 1st, a live report o
back to the clinton level tax rate. >> that's all ware doing and you can res tro actively fine tune the things you don't like about what's going on. >> stop worrying. happy new year. >> happy new year, you and natasha and the schlossbergs. >> coming up, the major financials showing growth in 2012. can they expect a tougher business environment in the new year? we will break it down next. and then the impact on the insurance market and we will talk to eric dinallo, the former new york insurance superintendent. >> my name is allen shortal founder of this corporation. if the fiscal cliff doesn't get resolved no question the u.s. economy will go into recession. we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicate
in 2013. for some the answer is clear, asia. >> earlier this month u.s. secretary of state hillary clinton visited china and some asian countries. the obama administration is highlighting its policy shift, which places new emphasis on the asia-pacific region. >> the primary long-term emerging threat which requires a large military, according to some, is china. the chinese understandably are very leery of the u.s. descriptions of its policy, including, including phrases like "pivot to east asia" and "united states has always been a pacific power." um, the u.s. always says that this not about any one country, but if i'm a chinese military leader i would take it to mean china specifically and they do. >> china has a very concerted blue water policy. they believe that they need to dominate the seas. they are, uh, they are extraordinarily worrying to india on the one side, to our other asian allies, and we have understood the imperative of resourcing a push-back in the pacific. the problem is we haven't understood that we need to spend to do it and we haven't figured out how to spend to do it.
rate of 39.6% from the clinton era if individuals making more than 400,000 a year, and families more than $450,000. they see rates on capital gains and dividends rise to 20% from 15%. unrelated to the tax legislation is a new tax under president obama's health care reform law that a 3.8% medicare surcharge on investment income for individuals making more than $200,000 a year and families making more than $250 # ,000. the tax increase to hit almost all taxpayers, lower income as well as upper income, is the expiration of the payroll tax cut from the last two years, and that is the main thing that is increasing taxes for households earning $100,000 to $200,000 a year. that's the income bracket we look at at this hour. according to the tax policy center, they go up, on average, by about $1800 a year as social security withholding rises to, back up to 6.2 #% this year from 4.2% the last couple of years. melissa? >> all right, peter barnes, thank you so much. >> uh-huh. >> keep it here on fox business. in the next hour, what it means for individuals making $200,000 to $500,000. full cover
. secretary of state hillary clinton was admitted to a new york hospital on sunday. according to the state department, doctors discovered a blood clot stemming from the concussion he sustained several weeks ago. she is being treated with an anticoagulant and doctors will continue to monitor her condition to see which ferc -- whether for the treatment is needed. coming up on c-span, members of congress talk about negotiations surrounding the fiscal cliff. senate majority leader harry reid, speeches on the senate floor from california democrat barbara boxer, west virginia senator joe mansion, texas republican kay bailey hutchison and then caucus leaders speak to reporters. r is recognized. mr. reid: thank you very much, mr. president. i was really gratified to hear the republicans have taken their demand for social security benefit cuts off the table. the truth ishey should never have been on the table to begin with. there is still significant distance between the two sides, but negotiations continue. there is still time left to reach an agreement, and we intend to continue negotiations. i a
presidents, president clinton, bush and obama said that nuclear iran is unacceptable. if the iranians are allowed to walk across that threshold with no opposition, that would demonstrat demonstrates other would-be regimes that-- >> is this the year for the showdown on iran? >> simply as a matter of industrial mechanics, how much uranium you need to enrich to get to a bomb this is the year. >> paul: we've been saying that for a while and somehow there's a computer virus that happens that keeps kicking it down. but it's not an ever receding horizon and the international atomic energy looks at iran as nuclear some piles, how much they have and how deeply -- look, you saw benjamin netanyahu at the u.n. in september draw literally a red line and they've come to consensus grew late in the spring of 2013 you're going to have that threshold. >> paul: matt, you've been the optimist in our group on the arab spring and made a strong case for it particularly after the dictatorships for so many decades in that part of the world. give us some reason to think that this could turn out better than it
, you have three presidents, president clinton, bush and obama have said explicitly that a nuclear iran is unacceptable. if the iranians are allowed to walk across the flesh hold with no opposition, that will demonstrate to other would t be aggressiveha regimes that there is no comp on the street. and that's what is happening. >> is this the year for the showdown on iran? >> simply is a matter of industrial mechanics, how much uranium you need to enrich. >> we humave been saying that for awhile though. and somehow there is a computer virusn that keeps kicking it down. >> it is not an ever receding horizon. and the international atomic agency takes iran's nuclear stockpiles and how much they have and how deally -- deeply it is spared. you saw benjamin netanyahu draw literally a red line. both american intelligence and israeli intelligence have come to a consensus that late in the spring of 2013 you are going to have that threshold moment. >> matt, you have been the op tau miss among our group on the arab spring. you have made a strong case for it, particularly ever a the dictatorships f
presidents. president clinton, bush and obama have said explicitly a nuclear iran is unacceptable. if the iranians are allowed to walk across that threshold with no opposition that is going to demonstrate to other would be aggressive regimes there is no cop on the street. that is what is happening. >> paul: is this the year of the showdown? >> it's how much industrial mechanics, how much uranium this would be the year. >> paul: there is a computer virus that keeps kicking it down. >> but it's not an ever receiving horizon and they take nuclear stockpiles and how much they have and how deeply it is buried. you saw benjamin netanyahu at the u.n. in september and literally draw a red line, both american intelligence and israeli intelligence have come to the view that late in the spring of 2013 you're going to have that threshold. >> paul: you've been the optimist on arab spring and you made a strong case for it. particularly after the dictatorships for so many decades in that part of the world. give us some reason it could turn out better. >> it's not over. the struggle in egypt over
them was the restoration of the top marginal tax rate of 39.6% from the clinton era from individuals making more than $400,000 a year, families at $450,000. they fall into that category. they will also see rates on capital gains and dividends rise to 20% from 15% unrelated to this week's tax legislation is a new tax under the president's health care reform law that we talked about, a 3.8% medicare surcharge on investment income for individuals making more than 200,000 a year. families making more than $250,000. the tax that hits all taxpayers, lower income as well as upper, is the expiration of the payroll pax cuts from the last two years. add all of this up for households earning $# 500,000 to a million a year, and according to the tax policy center, their taxes are up by an average of $14800 this year, liz. liz: great. okay. listen, it is what it is. it's a quote from britney speers. >> wait until we get to the million dollar bracket. liz: we'll watch that too. listen, we love all the tax bracket viewers, doing it all day long, and good for you for at least bringing the exact numbe
, and president obama should be in and his entire staff, including hillary clinton. i do not know if you have noticed but nancy pelosi, her eyes are consistently dilated. host: thanks for your call. let's go to indiana. caller: i think it is unfortunate boehner wants to tax people making over $1 million. [indiscernbile] this is the result of 30 years of reaganomics, and the republican party has left people with less fiscal responsibility and they have not paid for the two wars, medicare part d, not to mention the tax cuts. host: how does it end? caller: if people did not wake up and try to do what is right for future generations at will and worse. the republican party will not compromise for anything. it is not the dwight eisenhower party that had the 93% tax rate. you put the money into the interstate highway system. even abraham lincoln created land grant universities, and that was not called socialism. it was called advancing the future. host: we appreciate the call. let's go to illinois, catherine on our line for republicans. caller: yeah, hi, this is catherine. i cannot have twitter, but
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